We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Power utility Eskom and rail, port and pipeline company Transnet have two weeks to respond to a forensic inquiry into irregularities in a coal tender awarded by Eskom to a Gupta-owned mine and alleged corruption in the procurement of locomotives by Transnet. The Treasury said on Sunday the forensic investigation it had commissioned had been concluded and passed on to the two utilities for comment. The draft report was on the alleged irregularities in the awarding by Eskom of a coal supply contract to Tegeta Exploration and Resources and Transnet’s procurement of locomotives from China South Rail. At the time of the coal deal, Tegeta was owned by the Gupta family, who are close associates of former president Jacob Zuma and are accused of using this relationship to influence and win state contracts. In August last year the Guptas sold the company (Tegeta) to Swiss-based Charles King SA for R2.97bn. On Sunday the City Press quoted extensively from the Treasury draft report, which is no...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now